New Auto

Loan to Value limit may include the tax, title, gap insurance and licensing fees. A new vehicle will be considered a vehicle that has not been titled or registered, or a demonstrator or program car that has been titled but still carries the original warranty and has mileage under 20,000 on the odometer.

Used Auto

Retail value is determined by the Official NADA Used Car Guide. The Loan to Value limit may include the tax, title and licensing fees. Vehicles older than five years will not be considered as suitable collateral for a used car loan.

Share Secured

A member may secure a loan by pledging funds in a share account or certificate account. The maximum term may not exceed the term of the pledged certificate or 5 years, whichever is less.

Signature Loan

Maximum term of five years; maximum amount $20,000.

Salary Advancement

Maximum term of sixty days; maximum amount 25% of monthly salary. Members who do not qualify for a loan due to restrictions of Loan Policy may request a loan against future earnings. All CPTFCU members are encouraged to use payroll deduction or make payments in person.